OBrien Daniel F 4

What Happened

• Daniel F. OBrien, a director of Independent Bank Corp. (INDB), was awarded 842 restricted shares on 2026-05-19. The Form 4 reports an acquisition price of $0.00 (total reported value $0) and the shares vested immediately on the grant date. This was a grant/award of stock (not an open-market purchase or a sale).

Key Details

• Transaction date: 2026-05-19
• Filing date (Form 4): 2026-05-21
• Transaction type/code: Award/Grant (A)
• Shares acquired: 842 at reported price $0.00 (total reported $0)
• Shares owned after transaction: not specified in the filing provided
• Footnote: Awarded under the Independent Bank Corp. 2018 Non-Employee Director Stock Plan; transaction exempt under Rule 16b-3(d); shares immediately vested on grant date.
• Timeliness: Form 4 was filed two days after the transaction date (within the typical 2-business-day reporting window).

Context

• This is director compensation (restricted stock awarded under a non-employee director plan) and not a market purchase or sale. Immediate vesting means the director obtained ownership of the shares on the grant date. Such awards are routine for board compensation and do not, by themselves, indicate the director's personal buying or selling sentiment. The Form 4 reports acquisition price as $0.00 because these were granted shares; market value at grant would depend on INDB's share price that day (not reported here).